765 Sereno Dr - Storefront FOR SALE


Vallejo, CA 94589- West Vallejo
$5,950,000 USD
480-221-4221
765 Sereno Dr, Vallejo, CA for Sale
$5,950,000 USD
Storefront - FOR SALE
1/10
null | 6.12% Cap Rate

765 Sereno Dr
Vallejo, CA 94589
West Vallejo


HIGHLIGHTS

  • Corporate Guaranteed Lease | 11 Years Remaining |Affiliated With Tawa Supermarket, Inc. / 99 Ranch Market
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Adjacent To Walmart Neighborhood Market | Near Kaiser Permanente Medical Center (267 Beds)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, 168 Market investment property located in San Francisco Bay Area, California. 168 Market operates within the Tawa Supermarket grocery platform, the company behind 99 Ranch Market. The affiliation provides the subject property with the backing of an established Asian grocery operator with a growing nationwide presence. The lease has approximately 11 years remaining with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the remaining initial term and at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The lease is NNN with Landlord responsible for structural elements, providing downside protection, while Tenant covers all operational costs. Ideal for an passive investor.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

168 Market | 11yrs Corp NNN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

Neighborhood Mixed Use

APN/PARCEL ID

0052-180-090

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.